'The value of the teams and value of the business today is very, very strong.' 🗣️ Liberty Media and F1 are still not keen to see an 11th team join the championship in 2025 ⬇️
Liberty Media and Formula 1 are still not keen to see an 11th team join the championship in 2025, despite the enthusiasm of FIA president Mohammed Ben Sulayem.as the Concorde Agreement allows for up to 12 teams, and he’s insisted that he was fulfilling the rules by so doing.F1 CEO Stefano Domenicali has always insisted that an 11th entrant would have to add value to the sport, an opinion echoed by current team principals across the paddock, and also backed by Liberty Media CEO Greg Maffei.
“There was a process to add more teams, but the bar is very high. And it's unclear what value an 11th team would add. And there is a lot of uncertainty among the other teams about an 11th team. "The FIA started the process, as is their possibility,” said the Italian. “We are waiting for the final conclusion.
“That decision, that information, will come very, very soon, I would say within the month of September."
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